18 Mar 2016

Norske Skog revised financial statements 4th quarter 2015

Attached is Norske Skog's revised financial statements for 4th quarter of 2015 reflecting changes announced in the stock exchange release on 16 March 2016.

Key figures revised, fourth quarter of 2015 (NOK million)

  Q4 2015 Q3 2015 Q4 2014 2015 2014
Operating revenue 3 087 2 779 3 208 11 538 12 150
Gross operating earnings (EBITDA) 260 163 190 753  801
Gross operating margin (%) 8.4 5.9 5.9 6.5 6.6
Gross operating earnings after depreciation 67 -27 2 -14 66
Restructuring expenses -32 -2 -7 -53 -4
Other gains and losses 26 43 29 -86 39
Operating earnings 61 13 24 -153 102
Share of profit in associated companies -18 -7 -4 -41 1
Financial items -376 -782 -858 -801 -1 357
Income taxes -453 33 -178 -442 -223
Loss for the period -786 -742 -1 017 -1 436 -1 477
Cash flow from operations before net financial items 363 2 640 66 947

Oslo, 18 March 2016

Norske Skog
Communications and Public Affairs

For further information:
 
Norske Skog media:
Vice President Corporate Communication 
Carsten Dybevig
Mob: +47 917 63 117
 
Norske Skog financial markets: 
Vice President Investor Relations
Tom Rogn
Mob: +47 948 55 659

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Norske Skog revised Q4 2015 report